Price of bitcoin could go higher or ‘can go to zero,’ says Czech central bank governor
The Czech Central Bank purchased $1 million in bitcoin in October to run tests and conduct a study and found it is more efficient than stocks and gold but much too risky.
The news may lead to increased interest in bitcoin due to the Czech Central Bank's endorsement, potentially driving prices higher. However, the caution expressed about its risk could also lead to volatility.
The Czech Central Bank purchased $1 million in bitcoin in October to run tests and conduct a study and found it is more efficient than stocks and gold but much too risky.
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